Question to the HM Treasury:
To ask Her Majesty’s Government whether there has been any decline in stamp duty receipts on higher priced properties since public talk of a "mansion" tax began.
Statistics on Stamp Duty Land Tax receipts by consideration band can be found in Table 3.1 of the ‘UK Stamp Tax Statistics 2013-14’ publication. The following table provides data, from that publication, for the estimated yield attributable to residential property within the £1 million to £2 million and above £2 million consideration bands for 2012-2013 and 2013-2014:
£1,000,001-£2,000,000 | Above £2,000,000 | ||
Non-corporate bodies | Corporate bodies | ||
2012-2013 | 585 | 800 | 70 |
2013-2014 | 805 | 1,010 | 70 |
Amounts: £ million. Figures may not sum due to rounding conventions